Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (30110)	7/23/2004 6:53:40 AM
From: TheBusDriver	Read Replies (1) \| Respond to of 39344

What is your opinion on TKO Stephen? Can't believe it is staying down as far as it has..... Wayne

To: Stephen O who wrote (30110)	7/27/2004 11:10:23 AM
From: VAUGHN	Respond to of 39344

Hello Stephen Thanks for the article. Here's another bit of news of interest: Mill City Options Carlin Trend Nevada Properties to Grandview Tuesday July 27, 9:30 am ET TSX VENTURE SYMBOL "MC" CALGARY, July 27 /CNW/ - MILL CITY INTERNATIONAL CORPORATION ("Mill City") is pleased to announce that it has entered into an Option Agreement with Grandview Gold Inc. ("GGI") of Toronto, Ontario to explore and develop the Pony Creek/Elliott Dome Property located on the prolific gold producing Carlin Trend, Nevada. GGI has agreed to issue 400,000 common shares to Mill City, spend or cause to be spent a minimum of US$3.5 million, complete a minimum of 30,000 feet of drilling, and assume all BLM and County fees with respect to the property to earn a 60% interest in the 5,500 + hectare (20+ square mile) property. Mill City can elect at any time after GGI has earned its 60% interest to convert to a 20% carried interest. Mill City recently staked additional claims more than doubling the size of its original claim group. The Pony Creek/Elliott Dome property consists of 20+ square miles within the Carlin Trend which has produced 50+ million ounces of gold from a resource of more than 100 million ounces. The property extends along 6+ miles of the Pinyon Graben and related structures. Extensive shallow gold mineralization has been demonstrated by drilling 175 holes along 2 miles of the structural zone. Values up to 0.45 opt Au over 25 feet occur in conglomerates and source intrusions within the half mile wide structural trend. The carbonate rocks which host the majority of gold in the Carlin Trend occur beneath this shallow resource and have not yet been tested. The majority of all major gold deposits on the Carlin Trend and particularly in the southern extension of the Carlin Trend, the Pinyon Range, are hosted in the calcareous siltstones of the Mississippian Devonian Pilot Shale/Island Mountain Formation. Significant exploration and drilling expenditures will be focused targeting these well known host rocks using a considerable bank of established and comparative geological reference data, all of which support the presence of these host rock formations within the Pony Creek/Elliott Dome Property. The management of GGI has a long history in the Carlin Trend, including involvement in and exploration of properties that led to the discovery of the 5+ million ounce Leeville deposit scheduled for production by Newmont in the latter part of 2005. GGI is currently preparing an exploration/drilling program to be carried out this fall/2004 Field Exploration season. Regards Vaughn